NCOIL Invites State Leaders to Financial Modernization Summit

National Conference of Insurance Legislators (NCOIL) President Rep. Robert Damron (KY) has invited state leaders from across the country to attend an inaugural State Leader...

August 31, 2010

National Conference of Insurance Legislators (NCOIL) President Rep. Robert Damron (KY) has invited state leaders from across the country to attend an inaugural State Leader Summit: Working Session on Financial Modernization on Friday, November 19, in Austin, Texas. The summit will be held in conjunction with the November 18 through 21 NCOIL annual meeting. NCOIL is an organization of state legislators whose main area of public policy interest is insurance legislation and regulation. Most legislators active in NCOIL either chair or are members of the committees responsible for insurance legislation in their respective state houses across the country.

In a letter to the state leaders, Rep. Damron said, "NCOIL believes strongly that state leaders need to work together to modernize insurance oversight. We feel that it would benefit all if public policymakers made an effort to identify and close gaps in our present regulatory system. As evidenced by recent federal initiatives, if the states do not do it, the federal government will."

"NCOIL does not have a monopoly on ideas and looks forward to input from our state colleagues to advance consensus positions that can be taken back to our respective states," Damron added. The letter was sent to the Presidents/Chairs of the Council of State Governments (CSG), National Association of Attorneys General (NAAG), National Association of Insurance Commissioners (NAIC), National Conference of State Legislatures (NCSL), North American Securities Administrators Association (NASAA), and National Governors Association (NGA). PIA National will attend the summit and participate in the NCOIL annual meeting.